this question will ask you to use the specific factor model to analyze a simplified version of a liberalization of trade between south korea and the united states. Assume that there are two goods that people want to buy; kimchi and cars. Assume that there are three production factors; land, capital and labor. Land is specific to kimchi, capital is specific to cars and workers can work in both industries.

a) describe using a graph how workers allocate in autarky between the two sectors in south korea. explain your answer.

b) assume that, under autarky, kimchi is cheaper in south korea than in the US. how does the price of kimchi in south korea change when south korea opens up to international trade.

c) describe using a graph how workers in south korea reallocate between sectors after south korea and the US open up to trade with each other

d) describe how the real wage of workers and the real returns of land and capital change in south korea with trade liberalization. explain your answer.